Change of Company Secretary, Registered Address and Appointment of Alternate Director

Year

Change of Company Secretary, Registered Address and Appointment of Alternate Director

12 Aug 2010

New Europe Property Investments plc, the Central and Eastern European property investment company which has a listing on the Main Board of the JSE Limited and a listing on the AIM market of the London Stock Exchange, announces that:

Andrew Mackenzie Dawson has resigned from the position of company secretary, to be replaced by Cornelius Eduard Cassell with effect from 11 August 2010;

the registered office of the Company has changed from Falcon Cliff, Palace Road, Douglas, Isle of Man, IM2 4LB to 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man, IM1 4LN with effect from 11 August 2010; and

Maitland Services Limited has tendered its resignation as registered agent and that Sabre Fiduciary Limited has been appointed as new registered agent, with immediate effect.

Mr Cassell also be appointed as an alternate director to Dewald Lambertus Joubert with effect from 11 August 2010.

In accordance with paragraph G of Schedule 2 of the AIM Rules, Mr Cassell (aged 47) directorships over the past five years are listed below:

The Birchman Group Limited entered members’ voluntary liquidation in April 2008, but its liquidation and resulting dissolution have not yet been finalised by the preparation of accounts and the holding of a final meeting, due to the need to resolve a historic accounting issue with the company. The liquidator has not been notified of any third party claims or liabilities of the company (save to its contributories in the normal course and in respect of liquidator’s fees) and expects that its assets will significantly exceed any liabilities arising upon the final distribution and dissolution of the company.

The Company confirms that no other details are required to be disclosed under paragraph G of Schedule 2 of the AIM Rules with respect to Mr Cassell.